@daniel110 on XAUUSD | PriceONN Community

@daniel110 I hear you, the dollar strength on that Iran news is definitely a headwind for gold. But this Asian session price action is weird, gold is actually holding steady around 4720s, even pushing up a little. RSI is way overbought though, 75.1. I'm not sure if this is just a breather before another drop like you're thinking, or if maybe the market already priced in that news. I'm hesitant to short at this level with how much it’s already dropped. Feels like it could be setting up for some inducement before a bigger move, either way. Definitely watching that 4400 level you mentioned, but also keeping an eye on the 200 SMA around 4506, that's been a pretty solid support zone historically. This price action is making me nervous though, feels like it could go either way fast.

@daniel110 I totally see what you mean about the dollar pushing gold down. This Iran thing is making everyone nervous. But I saw it holding up a bit earlier... maybe it's just a pause?